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American Village Apartments 475 S Denver St 98 Unit Apartment Building For Sale Vidor, TX 77662
Investment Highlights
- 1972 Built, "C" Grade, Garden Style Apartment Complex located in an "B+" area of a Tertiary Market
- Sits within feet of N. Main St. and I-10
- The property is sub-metered for electricity.
- The property is located near Major Employment Centers such as Downtown Beaumont, ExxonMobil, ExxonMobil BLADE, Port Arthur and Orange
- Located off Denver St near I-10 and N Main allows its residents to benefit from the nearby schools, employment, entertainment, dinning and shopping
Executive Summary
Houston Income Properties, Inc., is proud to serve as the exclusive advisor to the seller, presenting a good opportunity for discerning investors to acquire the fee-simple interest in the American Village Apartments, a 1972 built, 98-unit garden-style apartment complex that is situated in the bedroom community of Vidor, Texas. The property is sub-metered for electricity.
This 93% occupied, "C" class property is strategically located in a "B+" area of Vidor, less than half a mile from the bustling N. Main Street, which serves as the heart of the town. Vidor functions primarily as a residential hub for the nearby Beaumont-Port Arthur refining complexes, making it an attractive choice for tenants seeking proximity to employment opportunities. The surrounding suburban landscape, devoid of a traditional downtown district, enhances the appeal of American Village, as residents enjoy a tranquil yet conveniently located lifestyle.
This opportunity is being offered as an "All Cash" transaction, encouraging qualified investors to consider securing financing to optimize their investment strategy and maximize returns. Houston Income Properties, Inc., believes that with the right management techniques, the correction of deferred maintenance and upgrades that this property represents a stable investment within a growing area. We invite you to reach out for further details.
This 93% occupied, "C" class property is strategically located in a "B+" area of Vidor, less than half a mile from the bustling N. Main Street, which serves as the heart of the town. Vidor functions primarily as a residential hub for the nearby Beaumont-Port Arthur refining complexes, making it an attractive choice for tenants seeking proximity to employment opportunities. The surrounding suburban landscape, devoid of a traditional downtown district, enhances the appeal of American Village, as residents enjoy a tranquil yet conveniently located lifestyle.
This opportunity is being offered as an "All Cash" transaction, encouraging qualified investors to consider securing financing to optimize their investment strategy and maximize returns. Houston Income Properties, Inc., believes that with the right management techniques, the correction of deferred maintenance and upgrades that this property represents a stable investment within a growing area. We invite you to reach out for further details.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 3.99 AC |
| No. Units | 98 | Building Size | 106,772 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1974/2016 |
| Building Class | C | ||
| Zoning | C | ||
| Sale Type | Investment |
| No. Units | 98 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.99 AC |
| Building Size | 106,772 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2016 |
| Zoning | C |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Tile Floors
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Package Service
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $942.49 CAD | 500 |
| 1+1 | 45 | $924.86 CAD | 660 |
| 2+1 | 33 | $1,134 CAD | 873 |
| 2+2 | 9 | $1,287 CAD | 1,031 |
| 3+1 | 2 | $1,214 CAD | 950 |
| 3+2 | 8 | $1,326 CAD | 1,230 |
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Property Taxes
| Parcel Number | 008094-003420 | Improvements Assessment | $2,296,147 CAD (2025) |
| Land Assessment | $111,821 CAD (2025) | Total Assessment | $2,407,968 CAD (2025) |
Property Taxes
Parcel Number
008094-003420
Land Assessment
$111,821 CAD (2025)
Improvements Assessment
$2,296,147 CAD (2025)
Total Assessment
$2,407,968 CAD (2025)
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American Village Apartments | 475 S Denver St
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